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The Number of Common Shares Authorized Can Never Be Greater

question 121

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The number of common shares authorized can never be greater than the number of shares issued.


Definitions:

Price Ceiling

A legal maximum on the price at which a good can be sold.

Exchange Rates

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another currency.

Net Exports

The difference between a nation's total exports and its total imports.

Net Capital Outflow

A comparison between the activity of local investors buying abroad and foreign investors buying within the national borders.

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